Stablecoins: Asia Takes Two-Thirds of Payment Volume

Stablecoins now move the bulk of cross-border value, with Asia generating nearly two-thirds of total payment volume. Progressive regulatory frameworks for stablecoins in Singapore Hong Kong Japan have accelerated adoption across the region, outpacing North America’s 25 percent share and Europe’s 13 percent. Data released on May 20 2026 shows Latin America and Africa combined remain below $1 billion, underscoring how stablecoin payment volume growth in Asia continues to reshape global rails.